Meeder Asset Management Inc. Sells 457 Shares of Amphenol Co. (NYSE:APH)

Meeder Asset Management Inc. lessened its holdings in shares of Amphenol Co. (NYSE:APH) by 41.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 656 shares of the electronics maker’s stock after selling 457 shares during the period. Meeder Asset Management Inc.’s holdings in Amphenol were worth $46,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of APH. Wellington Management Group LLP boosted its stake in Amphenol by 619.9% during the fourth quarter. Wellington Management Group LLP now owns 7,014,111 shares of the electronics maker’s stock worth $487,130,000 after acquiring an additional 6,039,845 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its position in shares of Amphenol by 23.5% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 134,379 shares of the electronics maker’s stock worth $9,333,000 after purchasing an additional 25,608 shares in the last quarter. IPG Investment Advisors LLC purchased a new stake in shares of Amphenol in the 4th quarter worth approximately $1,489,000. RWA Wealth Partners LLC increased its position in Amphenol by 9.8% during the 4th quarter. RWA Wealth Partners LLC now owns 20,217 shares of the electronics maker’s stock valued at $1,404,000 after buying an additional 1,798 shares in the last quarter. Finally, Schroder Investment Management Group raised its stake in Amphenol by 8.5% during the fourth quarter. Schroder Investment Management Group now owns 1,949,846 shares of the electronics maker’s stock valued at $135,417,000 after buying an additional 152,306 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Amphenol Stock Up 0.6 %

Amphenol stock opened at $65.96 on Wednesday. The stock has a market cap of $79.93 billion, a PE ratio of 34.45, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. The stock has a fifty day moving average of $67.65 and a 200 day moving average of $68.86. Amphenol Co. has a one year low of $54.72 and a one year high of $79.39.

Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.05. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The firm had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter in the prior year, the business earned $0.82 EPS. The business’s quarterly revenue was up 29.8% on a year-over-year basis. As a group, sell-side analysts predict that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be paid a $0.165 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.66 annualized dividend and a dividend yield of 1.00%. Amphenol’s dividend payout ratio (DPR) is 34.55%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on APH. Truist Financial raised their price target on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. The Goldman Sachs Group raised their price objective on shares of Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Robert W. Baird upped their target price on shares of Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Citigroup raised their price target on shares of Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, January 17th. Finally, Bank of America upped their price objective on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Amphenol has a consensus rating of “Moderate Buy” and an average price target of $80.68.

Amphenol Company Profile

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.